Accounting for the new gains from trade liberalization

• 成果类型: Article
• 署名作者: Hsieh, Chang-Tai; Li, Nicholas; Ossa, Ralph; Yang, Mu-Jeung
• 署名单位: University of Chicago; National Bureau of Economic Research; University of Zurich; University of Toronto; Utah System of Higher Education; University of Utah
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2020.103370
• 发表日期: 2020
• 关键词: Gains from trade; trade liberalization; CUSFTA

摘要

We challenge the conventional wisdom on the variety and productivity gains from trade liberalization which are commonly referred to as new gains from trade. In particular, we show that the import variety gains measured in studies such as Broda and Weinstein (2006) are counteracted by exactly analogous domestic variety losses. Similarly, we show that the domestic productivity gains measured in studies such as Trefler (2004) are counteracted by exactly analogous import productivity losses. We then account for all these gains and losses in an application to the Canada-US Free Trade Agreement and show that Canada actually experienced net new losses from trade. (C) 2020 The Authors. Published by Elsevier B.V.